(Recasts, adds comment and updates prices)* Gold up 1.3% so far this week* Gold could test $1,800/oz level again- analyst* Gold trade lacklustre despite robust U.S. inflation data - CitiOct 22 (Reuters) - Gold gained for a fourth consecutive session on Friday, propped up by a subdued dollar, while inflationary pressures boosted demand for the precious metal as a safe-haven investment.Spot gold ros...Read More
LONDON (Reuters) - A key market gauge of euro zone inflation expectations rose on Friday to 2%, the ECB's inflation target, for the first time in seven years, putting pressure on the central bank as it weighs how to proceed with stimulus when its pandemic-era support ends.The five-year, five-year forward inflation swap, a key market gauge of long-term euro zone inflation expectations, jumped four...Read More
Oct 22 (Reuters) - The week to come will give European Central Bank policy makers another chance to ponder just how sticky inflation really is, while U.S. earnings will be dominated by FAANG companies.In China, an imminent default of China Evergrande Group (3333.HK) might be off the cards for now, but troubles seem far from over.Markets in Britain are bracing for new budget forecasts, while bitc...Read More
LONDON (Reuters) -Britain's economy unexpectedly regained momentum in October, despite surging costs and mixed consumer signals, according to surveys on Friday that could tempt the Bank of England to raise interest rates for the first time since the pandemic.The preliminary "flash" IHS Markit/CIPS Composite Purchasing Managers' Index rose by the largest amount since May to hit 56.8, up from 54.9 i...Read More
FRANKFURT, Oct 22 (Reuters) - Only 10 major European banks may need to raise capital as a result of the rollout of new global rules and their shortfall could be smaller than 27 billion euros ($31.43 billion), according to draft European Union regulation seen by Reuters.The impact would be much smaller than the 52.2 billion euros estimated by the European Banking Authority (EBA) last year, a sigh o...Read More
WASHINGTON, Oct 22 (Reuters) - The new Democratic leadership of the U.S. securities watchdog has a message for Corporate America's highly paid executives: if your company screws up, your pay is at risk.Clawing back compensation is shaping up to be a key part of the U.S. Securities and Exchange Commission's (SEC) agenda as it cracks down on corporate misconduct, raising the stakes for thousands of...Read More
Oct 22 (Reuters) - Nasdaq futures edged lower on Friday after chipmaker Intel warned of lower profit margins, while Snap Inc led declines among social media firms after flagging a hit to digital advertising from privacy changes by Apple.Intel Corp (INTC.O) slid 10.3% in premarket trading as it missed third-quarter sales expectations, while its Chief Executive pointed to shortage of other chips h...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver pricesarehigher in early U.S. trading Friday, supported by increasing worries aboutproblematic price inflation and by a lower U.S. dollar index to end the tradingweek. Friendly charts...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollarare higherin early U.S. trading Friday, following a normal downside correction onThursday. Prices earlier this week hit a record high. The Bitcoin bulls still havethe solid overall n...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Global manufacturing PMI's this morning and overnight have beenoverwhelmingly positive. As the world moved out of the COVID-19 pandemic itseems that the manufacturing sector is recovering. This does le...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - In the Word Banks' latest report, they have noted that its Precious Metals Index fell by 3 percent in the thirdquarter of 2021. It noted that this is due to declining investor sentimentstemming from hi...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Heading into the European open gold (0.40%) and silver (0.38%) are both trading higher. The yellow metal is at $1789.88/oz still below the 200 day moving average and psychological $1800/oz level. Elsew...Read More
I LOVE PROSPERITY, Released on 10/22/21Bill Holter joins us to talk about the IRS proposal to track $600 transactions, the latest moves in the silver and gold market, plus much more.Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail...Read More
Kinesis Money, Released on 10/22/21To celebrate 50 episodes of demystifying the precious metals markets, Andrew Maguire takes the LFV audience for a sneak peek at the 20 tonnes of .9999 silver sitting in Kinesis' new Liechtenstein vault.In more silver news, the life-long wholesaler shares word of new, unprecedented demand entering the physical silver market, with the impact on the paper-driven pri...Read More
Valuetainment, Released on 10/22/21Patrick Bet-David sits down with Sgt. Craig Harrison. Craig Harrison is a former Corporal of Horse in the Blues and Royals, a cavalry regiment of the British Army, who held the record for the longest confirmed sniper kill in combat, at a range of 2,475 m (2,707 yd).Craig Harrison (born November 1974) is a former Corporal of Horse (CoH) in the Blues and Royals, a...Read More
Harry S. Dent Jr., Released on 10/22/21Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately pr...Read More
Citizen Free Press, Released on 10/22/21"All provinces and territories have confirmed that they will be moving forward with a standardized national proof Continue... Justin Trudeau - You can't leave Canada if you're Unvaccinated... added by Herman James on 10/22/2021View all posts by Herman James ?+'Read More
The Daily Gold, Released on 10/22/21Bitcoin is not a hedge or uncorrelated asset. It trades like a tech stock. A review of its near decade long history says as much. Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the...Read More
Crush The Street, Released on 10/22/21Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals. Andy Schectman, precious metalsIt's All About Interest Rates: Metals Are Setting Up! -Andy Schectman added by Herman James on 10/22/2021View all posts by Herman James ?+'Read More
Katusa Research, Released on 10/22/21Demand from those programs has fueled massive growth in the carbon credits sector.Continue... Marin Katusa: The Commodity Every Company Will Be Forced to Buy added by Herman James on 10/22/2021View all posts by Herman James ?+'Read More